Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / People/  Skoda Auto India head Sudhir Rao resigns
BackBack

Skoda Auto India head Sudhir Rao resigns

Sudhir Rao had joined Skoda Auto India as chairman and managing director over five years ago

Skoda Auto India will be announcing Sudhir Rao’s successor in due course, the company said. Photo: BloombergPremium
Skoda Auto India will be announcing Sudhir Rao’s successor in due course, the company said. Photo: Bloomberg

New Delhi: Skoda Auto India Pvt Ltd head Sudhir Rao has resigned after leading the operations for more than five years.

“Rao will be leaving Skoda Auto at his own request on June 30, 2017," a Skoda Auto India spokesperson said in a statement. The company would be announcing his successor in due course, it added, without sharing a timeline. Rao (57) had joined Skoda Auto India as chairman and managing director on 1 March 2012. Before joining Skoda, Rao ran an international car brand’s India activities as chief operating officer.

He had joined the company at a time when it was facing challenges in Indian market, especially with customer complaints over sales service. Last year, Skoda Auto India had reported sales of 13,370 units as against 15,457 units in 2015, down 13.5%.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 16 May 2017, 09:31 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie